The stock price of Bloom Energy Corp (NYSE: BE) has jumped by 10.99 compared to previous close of 9.55. Despite this, the company has seen a gain of 10.07% in its stock price over the last five trading days. The Motley Fool reported 2024-04-27 that Bloom Energy develops and manufactures technology that could help reduce carbon emissions. It aims to provide reliable energy systems that are resilient against attacks or outages.
Is It Worth Investing in Bloom Energy Corp (NYSE: BE) Right Now?
The 36-month beta value for BE is at 2.81. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for BE is 197.46M, and currently, shorts hold a 19.62% of that float. The average trading volume for BE on April 29, 2024 was 5.90M shares.
BE’s Market Performance
BE’s stock has seen a 10.07% increase for the week, with a -3.90% drop in the past month and a -15.00% fall in the past quarter. The volatility ratio for the week is 7.88%, and the volatility levels for the past 30 days are at 5.76% for Bloom Energy Corp. The simple moving average for the past 20 days is -1.23% for BE’s stock, with a -16.86% simple moving average for the past 200 days.
Analysts’ Opinion of BE
Many brokerage firms have already submitted their reports for BE stocks, with Evercore ISI repeating the rating for BE by listing it as a “Outperform.” The predicted price for BE in the upcoming period, according to Evercore ISI is $21 based on the research report published on April 01, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see BE reach a price target of $11, previously predicting the price at $9. The rating they have provided for BE stocks is “Hold” according to the report published on March 06th, 2024.
BE Trading at 4.73% from the 50-Day Moving Average
After a stumble in the market that brought BE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.50% of loss for the given period.
Volatility was left at 5.76%, however, over the last 30 days, the volatility rate increased by 7.88%, as shares sank -5.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.48% lower at present.
During the last 5 trading sessions, BE rose by +10.07%, which changed the moving average for the period of 200-days by -39.74% in comparison to the 20-day moving average, which settled at $10.70. In addition, Bloom Energy Corp saw -28.38% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BE starting from SODERBERG SHAWN MARIE, who sale 8,963 shares at the price of $9.86 back on Apr 16 ’24. After this action, SODERBERG SHAWN MARIE now owns 168,003 shares of Bloom Energy Corp, valued at $88,375 using the latest closing price.
Sridhar KR, the Chairman & CEO of Bloom Energy Corp, sale 50,746 shares at $9.74 during a trade that took place back on Mar 18 ’24, which means that Sridhar KR is holding 2,702,608 shares at $494,266 based on the most recent closing price.
Stock Fundamentals for BE
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.15 for the gross margin
The net margin for Bloom Energy Corp stands at -0.23. The total capital return value is set at -0.11. Equity return is now at value -71.69, with -13.86 for asset returns.
Based on Bloom Energy Corp (BE), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at -0.26. The debt to equity ratio resting at 2.9. The interest coverage ratio of the stock is -1.93.
Currently, EBITDA for the company is -129.21 million with net debt to EBITDA at -6.11. When we switch over and look at the enterprise to sales, we see a ratio of 2.39. The receivables turnover for the company is 3.39for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.50.
Conclusion
In conclusion, Bloom Energy Corp (BE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
